M&A Deal Summary

TJC and Summit Partners Acquire Syndigo

On October 25, 2018, private equity firm TJC and growth capital firm Summit Partners acquired information technology company Syndigo from Wicks Group

Acquisition Highlights
  • This is TJC’s 1st and Summit Partners’ 30th transaction in the Information Technology sector.
  • This is TJC’s 52nd and Summit Partners’ 279th transaction in the United States.
  • This is TJC’s 6th and Summit Partners’ 9th transaction in Illinois.

M&A Deal Summary
Date 2018-10-25
Target Syndigo
Sector Information Technology
Buyer(s) TJC
Summit Partners
Sellers(s) Wicks Group
Deal Type Secondary Buyout

Target

Syndigo

Chicago, Illinois, United States
Syndigo is a provider of digital content and retail omnichannel optimization solutions for the consumer-packaged goods and fast-moving consumer goods industries. Syndigo is based in Chicago, Illinois.

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Buyer(S) 2

Buyer

TJC

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1982
PE ASSETS 14.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TJC is a private investment firm that specializes in acquiring North American middle-market businesses operating in basic industries. TJC specifically looks to provide liquidity for shareholders, raise capital for corporate growth and 'create significant equity opportunities for key management'. TJC will consider opportunities valued from $100 million to $2 billion in a wide variety of industries. Sectors of interest include aerospace/defense, automotive, building products, chemicals, consumer products, distribution, energy, financial services, healthcare, industrial products, insurance, metals, packaging, retail, transportation/logistics, and telecom. TJC was formerly known as The Jordan Company. The Firm was formed in 1982 and is based in New York City.

DEAL STATS #
Overall 54 of 93
Sector (Information Technology) 1 of 4
Type (Secondary Buyout) 16 of 34
State (Illinois) 6 of 10
Country (United States) 52 of 89
Year (2018) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-18 AFF Global Logistics

Fife, Washington, United States

American Fast Freight, Inc. is specializes in providing less-than-container load domestic ocean freight forwarding services. In addition to this core business, AFF provides its customers with a full suite of related services including: bypass mail and airfreight forwarding, relocation services, logistics and distribution.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-06 Bojangles

Charlotte, North Carolina, United States

Bojangles is a restaurant operator and franchisor dedicated to serving customers high-quality, craveable food made from its Southern recipes, including breakfast served All Day, Every Day. Bojangles was formed in 1977 and is headquartered in Charlotte, North Carolina.

Buy -
Buyer

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1984
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.

DEAL STATS #
Overall 324 of 386
Sector (Information Technology) 30 of 40
Type (Secondary Buyout) 19 of 27
State (Illinois) 9 of 11
Country (United States) 279 of 319
Year (2018) 14 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-22 Full House Resorts

Las Vegas, Nevada, United States

Full House Resorts, Inc. develops, owns, operates and manages casinos and related hospitality and entertainment facilities in regional U.S. markets. Based in Las Vegas, Full House operates five casino facilities in Mississippi, Colorado, Indiana and Nevada. Each of our gaming properties reflects a unique atmosphere custom-designed for each regional market.

Sell $133M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Allego

Waltham, Massachusetts, United States

Allego is a provider of SaaS platform used by enterprise sales teams to deliver continuous, personalized, video-based training. Allego’s mobile-first platform is designed to drive faster onboarding, enhanced engagement, better long-term knowledge retention and improved customer interactions. Allego is based in Waltham, Massachusetts.

Buy -

Seller(S) 1

SELLER

Wicks Group

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Wicks Group is a private equity firm focused on selected segments of the communications, information and media industries. Wicks targets privately held or non-core divisions of large corporations with high-margins, limited competitive environment, and strong cash flow potential. Specific areas of interest include special interest publishing (trade magazines, workplace training, reference publishing, consumer magazines), business information services, (market information, specialized databases, consumer research), television broadcasting, radio broadcasting, newspapers, cable television, and outdoor advertising. The Wicks Group was formed in 1989 and is based in New York City.

DEAL STATS #
Overall 22 of 26
Sector (Information Technology) 1 of 3
Type (Secondary Buyout) 10 of 10
State (Illinois) 1 of 1
Country (United States) 22 of 26
Year (2018) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-11 Jobson Healthcare Information

New York, New York, United States

Jobson Healthcare Information LLC is an integrated healthcare information and marketing services provider. Through its diversified, multi-media portfolio of marketing services, information databases, trade publications, medical education programs, events, websites and other digital and traditional media services, JHI is uniquely positioned to reach, educate and influence a highly targeted network of approximately one million healthcare professionals across more than 20 specialties. Jobson Healthcare Information LLC was founded in 1958 and is based in New York city.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-10 EZShield

Nottingham, Maryland, United States

EZShield, Inc. is a provider of fraud protection to consumers and small business customers through trusted partners in the financial services, benefits/payroll, insurance, telecommunications and warranty markets. EZShield full range of identity theft and fraud services are offered on a secure, flexible platform and backed by best-in-class customer support. EZShield was founded in 2001 and is based in Nottingham, Maryland.

Sell -
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